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Mar 4, 2013
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some are looking nervously at china. china has been nothing short of a financial miracle. in just 30 years, this state- controlled economy became the world's second largest, deftly managed by government policies and decrees. one sector the authorities concentrated on was real estate and construction. but that may have created the largest housing bubble in human history. if you go to china, it's easy to see why there's all the talk of a bubble. we discovered that the most populated nation on earth is building houses, districts and cities with no one in them. so this is zhengzhou. and we are on the major highway or the major road. and it's rush hour. >> gillem tulloch: yeah. >> stahl: and it's almost empty. gillem tulloch is a hong kong- based financial analyst who was one of the first to draw attention to the housing bubble in china. he's showing us around the new eastern district of zhengzhou in one of the most populated provinces in china, not that you'd know it. we found what they call a "ghost city" of new towers with no residents, desolate condos, and vacant subdivisio
some are looking nervously at china. china has been nothing short of a financial miracle. in just 30 years, this state- controlled economy became the world's second largest, deftly managed by government policies and decrees. one sector the authorities concentrated on was real estate and construction. but that may have created the largest housing bubble in human history. if you go to china, it's easy to see why there's all the talk of a bubble. we discovered that the most populated nation on...
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Mar 8, 2013
03/13
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sanctions has put china on edge. officials in beijing want to avoid driving authorities in pyongyang into a corner which could result in the regime's collapse. they fear that would prompt north koreans to flee across the border and into chinese territory. china is north korea's biggest aid provider and trading partner. its incoming leaders have not made any public comments about this latest tension on the korean peninsula. so it's not clear how they'll follow up on the new sanctions and what kind of relationship and influence their administration will have with the north korean regime. north korea is just one of a long list of issues the next generation of leaders will have to face head on. we wanted to get a snapshot of the challenges they face at home and abroad. so we spoke with experts from two of china's leading universities. one focuses on internal affairs, the other specializes in foreign policy. >> thank you very much for your time. >> welcome. >> nice to meet you. >> this professor teaches law at peking univ
sanctions has put china on edge. officials in beijing want to avoid driving authorities in pyongyang into a corner which could result in the regime's collapse. they fear that would prompt north koreans to flee across the border and into chinese territory. china is north korea's biggest aid provider and trading partner. its incoming leaders have not made any public comments about this latest tension on the korean peninsula. so it's not clear how they'll follow up on the new sanctions and what...
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Mar 5, 2013
03/13
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this spending comes as china continues to increase its presence in the east china sea and the south china sea. the country is involved in territorial disputes with japan and a handful of other nations. government leaders in asia are keeping a close eye on china's defense budget. >> reporter: thank you very much. delegates to the national people's congress are already discussing the issues premier wen raised and the budget plans for this year. on wednesday we'll hear from several top departments, including the national development and reform commission. that should give us a better idea of the direction the xi jinping administration could take. >>> there are concerns about air pollution in china affecting the southwestern part of japan. officials in kumamoto prefecture have issued a health alert for the first time. the officials said the level of pm2.5 rose to 100 micrograms per cubic meter, higher than the government's daily safety standard of 70 micrograms. officials warned residents to stay indoors unless they have an urgent reason to go outside. some kindergartens were keeping children
this spending comes as china continues to increase its presence in the east china sea and the south china sea. the country is involved in territorial disputes with japan and a handful of other nations. government leaders in asia are keeping a close eye on china's defense budget. >> reporter: thank you very much. delegates to the national people's congress are already discussing the issues premier wen raised and the budget plans for this year. on wednesday we'll hear from several top...
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can learn from china crosstalk rules in effect that means you can jump in anytime you want and i very much encourage it yourself when i go to you first do the brics want to take on the west is that kind of relationship they have well i think not necessarily but in some respects it seems there's a this is the trend in terms of the recent policy measures that we're seeing from the brics one of the measures is to combine the foreign exchange reserves of the countries and form a reserve that potentially could be used to deal with the crises in the world economy and to some degree you could look at this effort as a way to create a competitor to the international monetary fund and then the other. potential effort that is now undertaken by the brics countries is to create a development bank. much like the world bank would provide resources for developing countries to foster growth to deal with social issues etc so in some respects we're seeing that the brics are starting to create their own institutions that potentially can rival can compete with the bretton woods institutions brian would yo
can learn from china crosstalk rules in effect that means you can jump in anytime you want and i very much encourage it yourself when i go to you first do the brics want to take on the west is that kind of relationship they have well i think not necessarily but in some respects it seems there's a this is the trend in terms of the recent policy measures that we're seeing from the brics one of the measures is to combine the foreign exchange reserves of the countries and form a reserve that...
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china is quite dependent on foreign trade and therefore china's scroll of may well be affected by the general state of the global economy and at the same time china is aware of the limitations set by is declining for supply and viral bento deep gradation and the supply of and it's the raw materials and there are a number of domestic problems to face in china at the moment wealth inequality corruption pollution to name but a few do you think that the the country slow moving bureaucracy can actually tackle all of that. there are problems obviously. the proceeding needs to absorb more highly educated carvers including those returning from over see the problem is not so much the general competence of the bureaucrats after all the car the cops you warts has been rewarded very well and there's no shortage of talent in china the real challenge actually is the issue of corruption. mentalism as well as the fact that. the local of fora tease may not follow the policy kinds from the center very honestly and very effectively solve these are the challenges of the bureaucracy and what about the mil
china is quite dependent on foreign trade and therefore china's scroll of may well be affected by the general state of the global economy and at the same time china is aware of the limitations set by is declining for supply and viral bento deep gradation and the supply of and it's the raw materials and there are a number of domestic problems to face in china at the moment wealth inequality corruption pollution to name but a few do you think that the the country slow moving bureaucracy can...
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Mar 19, 2013
03/13
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FBC
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in china? >> yeah. i think china is more of a wild card. i think if it does work out, i think you'll probably get more return but the united states a little more stable so it's a typical risk, reward type of scenario. if you want to take more risk, achieve more return or do you want something more stable? if you're look for stability, the united states is actually the place to be over china. however, if you believe that hey, when the world economy does recover and start to be a little more robust, china is probably going to relead again and then you want to be in china a little bit more. so i think there's a little risk, reward tradeoff there. connell: also good to have you on. thanks a lot. >> thank you. dagen: living longer and saving less. a whole lot less. workers have too little money to retire. dagen: ncaa tournament is tipping off tonight. you can catch all the instant replays and all of that on twitter. we have some new details on all of that so we'll talk about social networking and ba
in china? >> yeah. i think china is more of a wild card. i think if it does work out, i think you'll probably get more return but the united states a little more stable so it's a typical risk, reward type of scenario. if you want to take more risk, achieve more return or do you want something more stable? if you're look for stability, the united states is actually the place to be over china. however, if you believe that hey, when the world economy does recover and start to be a little...
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to assert itself in the in the south china sea in the east china sea and as i say i think there will be a confrontation some ways down the road but until that point i think that there is going to be a lot of economic and financial turnover in the world economy that's going to be huge and on china that will probably be playing more of a role including the upcoming bric summit in durban south africa later this month that i think is going to play a potentially pivotal role in changing some of the global financial infrastructure james thank you for your thoughts we do have to leave it that is james cole that editor of the colbert report. there's a new war of words between the u.k. in argentina after a fork and island is there today overwhelmingly to remain a british territory argentina also claims the islands and the referendum is irrelevant but british prime minister david cameron said his country will always stand for the fork and but that's in sharp contrast to the country's treatment of other islanders a sheriff the reports. this is the story of an island a proud and spirited people
to assert itself in the in the south china sea in the east china sea and as i say i think there will be a confrontation some ways down the road but until that point i think that there is going to be a lot of economic and financial turnover in the world economy that's going to be huge and on china that will probably be playing more of a role including the upcoming bric summit in durban south africa later this month that i think is going to play a potentially pivotal role in changing some of the...
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Mar 27, 2013
03/13
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find out the challenges china faces. on "newsline." > th chinese president is at an international summit in africa. he's hoping to get more heads of state in his corner on sensitive issues. ai joins us now from the business desk to tell us more about that. good morning. >> good morning. president xi is putting his best foot forward and so are those at the emerging summit trying to deepen their ties with each other. the leader of china and brazil and south africa have gathered for a summit known as brics. it is now under way in durbin, south africa. the brics leaders attended a ceremony in the two day event. it is on how much they can cooperate. chine chesec xiinping met with jacob zuma and asked for african support and territorial issues and zuma said china was its largest trading partner and asked xi for more investment in its countries. >>> we saw improved economic data. the dow jones climb ed three fourths of a percent to close at 14,559, renewing its record closing high. let's go to the tyo stock exchange. are we see
find out the challenges china faces. on "newsline." > th chinese president is at an international summit in africa. he's hoping to get more heads of state in his corner on sensitive issues. ai joins us now from the business desk to tell us more about that. good morning. >> good morning. president xi is putting his best foot forward and so are those at the emerging summit trying to deepen their ties with each other. the leader of china and brazil and south africa have gathered...
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Mar 6, 2013
03/13
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ways of refugees to china. what is the most effective way for china to work with the international community and pressure the regime while also protecting its borders? >> thank you very much. >> the chinese are extremely pragmatic. there is a reason in my humble opinion that the chinese civilization is the oldest in the world on a point of continuity and it's due to their resilience, hard work and profound magnetism. if the chinese were given the financial disincentives, reasons to put it crude, lose money, i think that would be more effective than gaining the chinese attention than other channels of diplomatic action. >> thank you very much. >> let me ask you north korea ernst a very large share of illicit activities how important for for the military to devotees, and has the percentage of the originating from criminal law activities changed in the recent years would you suggest the administration and congress do in this area that actually do some good? >> i have no doubt the agency could be written with over
ways of refugees to china. what is the most effective way for china to work with the international community and pressure the regime while also protecting its borders? >> thank you very much. >> the chinese are extremely pragmatic. there is a reason in my humble opinion that the chinese civilization is the oldest in the world on a point of continuity and it's due to their resilience, hard work and profound magnetism. if the chinese were given the financial disincentives, reasons to...
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geo politics this friday china's new leader. made moscow his first official stop or brought in a multi-billion dollar deal struck. oil pumped into its pipes but apart from economic interdependence the china russia ties is seen as an attempt to counter a u.s. led. this is. first trip as president. away from china and where does he choose he chooses to come to russia and this is considered an important strategic move a symbolic move showing how insync these two countries really are and they used to be not so instinct not so lockstep but politically if you look in form a very powerful bloc on the u.n. security council there have the same ideas about syria libya iran even north korea and then in terms of trade it china is now russia's number one trading partner that used to be germany but just to give you an idea how much that is in two thousand and twelve eighty eight billion dollars of trade between these two countries alone so it's very important for russia and china to be working together and in this trip they've decided to prom
geo politics this friday china's new leader. made moscow his first official stop or brought in a multi-billion dollar deal struck. oil pumped into its pipes but apart from economic interdependence the china russia ties is seen as an attempt to counter a u.s. led. this is. first trip as president. away from china and where does he choose he chooses to come to russia and this is considered an important strategic move a symbolic move showing how insync these two countries really are and they used...
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Mar 25, 2013
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in the east china sea and the south china sea. chinese leaders are expanding their military budget. the country's defense spending has surged nearly fourfold in the past decade. >>> populous, prosperous, pushing ahead. china's ride, power, and problems. an income gap divides it's people, pollution threatens their health, and trained relations with their neighbors. find out about the challenges china faces on "newsline." >>> police in south korea say a cyber attack is being investigated. malware affected tv stations and banks say it disabled more than 32,000 computers. members of a task force have detected ip addresses to the u.s. and three european countries. they have not disclosed the names, but they have asked for cooperation to track down the original source of the cyber attacks. investigators are also checking if ip addresses in any other countries were used. >>> japan and the european union decided to start negotiations in april for an economic partnership agreement. the decision came after telephone talks. the euments the j
in the east china sea and the south china sea. chinese leaders are expanding their military budget. the country's defense spending has surged nearly fourfold in the past decade. >>> populous, prosperous, pushing ahead. china's ride, power, and problems. an income gap divides it's people, pollution threatens their health, and trained relations with their neighbors. find out about the challenges china faces on "newsline." >>> police in south korea say a cyber attack is...
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prize or welcome to the kaiser report you know the problem with china starting a currency war is that a happy hour later you want to start another one this year ever ok and so what's going on there next try is there yes that's a train down there coming into penn station but you know there are consequences the biggest story that we've been covering here on the kaiser report for the past three or four years and china has been very vocal speaking out against the currency war why china fears currency wars on friday commerce minister chen deming was the latest to raise concerns about competitive currency depreciation and the effects of excessive money printing by central banks the head of china sovereign wealth fund was less diplomatic reportedly warning japan against treating your neighbors as your garbage bin. and starting a currency war right what i thought according to christine lagarde everybody was on the same page with this global currency war that they were all devaluing together and that there wasn't a currency war it was a currency worry it doesn't sound like that's playing out i
prize or welcome to the kaiser report you know the problem with china starting a currency war is that a happy hour later you want to start another one this year ever ok and so what's going on there next try is there yes that's a train down there coming into penn station but you know there are consequences the biggest story that we've been covering here on the kaiser report for the past three or four years and china has been very vocal speaking out against the currency war why china fears...
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Mar 9, 2013
03/13
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sanctions has put china on edge. officials in beijing want to avoid driving authorities in pyongyang into a corner which could result in the regime's collapse. they fear that would prompt north koreans to flee across the border and into chinese territory. china is north korea's biggest aid provider and trading partner. its incoming leaders have not made any public comments about this latest tension on the korean peninsula. so it's not clear how they'll follow up on the new sanctions and what kind of relationship and influence their administration will have with the north korean regime. north korea is just one of a long list of issues the next generation of leaders will have to face head on. we wanted to get a snapshot of the challenges they face at home and abroad. so we spoke with experts from two of china's leading universities. one focuses on internal affairs, the other specializes in foreign policy. >> thank you very much for your time. >> welcome. >> nice to meet you. >> this professor teaches law at peking univ
sanctions has put china on edge. officials in beijing want to avoid driving authorities in pyongyang into a corner which could result in the regime's collapse. they fear that would prompt north koreans to flee across the border and into chinese territory. china is north korea's biggest aid provider and trading partner. its incoming leaders have not made any public comments about this latest tension on the korean peninsula. so it's not clear how they'll follow up on the new sanctions and what...
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Mar 26, 2013
03/13
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too far. >>> china's chiez news spokes person hong lei justified the actions. >> china has unquestionable sovereignty over the parcel islands. the boat was engaged in illegal fishing. the action is justifiable and reasonable. >> he add ed the people involve ed said they did not damage the fishing boat. hong declined to confirm if shots were fired and whether the chinese vessel was a warship. >>> chinese president is in south africa to attend the summit of the brics emerging economies. xi jinping wants the chinese government to enhance ties to compete with the u.s. and other industrialized countries. this will be the first time president xi will participate in an international meeting since he took office earlier this month. the two-day summit begins on tuesday in durbin. brics is made up of brazil, russia, india, china, and south africa. the leaders are expected to discuss how rising commodities and grain prices are affecting emerging countries. also on the agenda is an agreement among the brics members to provide each other with foreign currencies. they want to protect their economies fr
too far. >>> china's chiez news spokes person hong lei justified the actions. >> china has unquestionable sovereignty over the parcel islands. the boat was engaged in illegal fishing. the action is justifiable and reasonable. >> he add ed the people involve ed said they did not damage the fishing boat. hong declined to confirm if shots were fired and whether the chinese vessel was a warship. >>> chinese president is in south africa to attend the summit of the brics...
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Mar 18, 2013
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pursue china's dream. now his leadership faces the challenge of living up to that promise. to do that, they would have to bridge the huge gap between dream and reality for millions of chinese people. michitaka yamaka, nhk world beijing. >>> it's often hard to grasp what's going on inside china's politics as there's so little media coverage. we asked an expert in modern chinese studies about the characteristics of xi jinping's leadership. professor korogi of kendi university of international studies is a specialist on modern chinese politics. he says xi's influence on policymaking may be limited. >> china's new government, not the new leadership, this is because xi's predecessors are still, they are holding power. china now has a three-tier power structure involving xi and jiang zemin and hu jintao. xi is surrounded by members of the faction, so it will take some time for him to establish his own stance in running the government. >> he thinks the new premier li keqiang's power is limited because he doesn't
pursue china's dream. now his leadership faces the challenge of living up to that promise. to do that, they would have to bridge the huge gap between dream and reality for millions of chinese people. michitaka yamaka, nhk world beijing. >>> it's often hard to grasp what's going on inside china's politics as there's so little media coverage. we asked an expert in modern chinese studies about the characteristics of xi jinping's leadership. professor korogi of kendi university of...
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Mar 15, 2013
03/13
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china and taiwan claim it. >>> u.s. and south korean military leaders are trying to show they're ready to deal with any caction. u.s. and south korean armed forces regularly conduct a battle simulation called key resolve in seoul. it is designed to improve chain of command and support capabilities in a context of armed conflict on the peninsula. commanders can follow the virtual maneuvers on the screen. >>> authorities in pyongyang say they have been facing cyber attacks since u.s. and south korean forces have joined sides. they say they will not stand id idolly by. north korea has been blamed for computer system trouble at a south korean back in 2011, and the hacking last year of a major newspaper website. maker boeing says repairs on the trouble battery system aboard its 787 dreamliner jets should be completed in a matter of weeks. the head of boeing's commercial airplane division, ray conner, spoke at a news conference in tokyo. he said the process of putting the dreamliners back into service shouldn't take too long.
china and taiwan claim it. >>> u.s. and south korean military leaders are trying to show they're ready to deal with any caction. u.s. and south korean armed forces regularly conduct a battle simulation called key resolve in seoul. it is designed to improve chain of command and support capabilities in a context of armed conflict on the peninsula. commanders can follow the virtual maneuvers on the screen. >>> authorities in pyongyang say they have been facing cyber attacks since...
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Mar 14, 2013
03/13
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that runs against huge vested interests in china. so he needs to rework through this system so that he can build the services sector, building comes, reduce huge capital intensive from you can which you are projects and reduce dependence on experts. >> woodruff: looking at him from the united states, what will we see that looks different do you think? >> i think the one thing we've been concerned about is al that although he's been in power for a few months when he became general secretary of the party china has engaged on provocative maneuvers against the japanese because the chinese claim sovereignty over the east china say. people say xi jinping is leading china's foreign policy on this issue and if so we're in trouble because this is a troubled area. >> woodruff: do you believe ken lieberthal that that's a primary priority of his >> his real priority is domestic. he needs stability abroad in order to reform domestically. but his big problem is that he -- that the communist party has nurtured ardent nationalism domestically and ca
that runs against huge vested interests in china. so he needs to rework through this system so that he can build the services sector, building comes, reduce huge capital intensive from you can which you are projects and reduce dependence on experts. >> woodruff: looking at him from the united states, what will we see that looks different do you think? >> i think the one thing we've been concerned about is al that although he's been in power for a few months when he became general...
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Mar 17, 2013
03/13
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china's demand. beijing's leaders have a number of problems. but the new proposals announced this month do show that they're trying to act. these are leaders who have studied the mistakes made by their neighbor japan and examined the credit binges of europe and america and they have a good track record at handling their problems. let's hope they can manage this one, even if it causes marital stresses and strains in china. >>> up next, ten years on from the start of the iraq war. what lessons did we learn? paul wolfowitz, a chief architect of that war will join us, again. use neosporin to help you heal. it kills germs so you heal four days faster neosporin. also try neosporin eczema essentials. to find you a great deal, even if it's not with us. [ ding ] oh, that's helpful! well, our company does that, too. actually, we invented that. it's like a sauna in here. helping you save, even if it's not with us -- now, that's progressive! call or click today. no mas pantalones! [ male announcer ] when you wea
china's demand. beijing's leaders have a number of problems. but the new proposals announced this month do show that they're trying to act. these are leaders who have studied the mistakes made by their neighbor japan and examined the credit binges of europe and america and they have a good track record at handling their problems. let's hope they can manage this one, even if it causes marital stresses and strains in china. >>> up next, ten years on from the start of the iraq war. what...
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Mar 6, 2013
03/13
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so this is ongoing, and china is worrying that the stability of china might be in danger, so what they are trying to do is monitor the whole country and not let them break apart. they use this dogma of stability in their speeches to maintain stability and suppress any opposing opinions, so they use this big, huge budget for state security basically to impress their own people and to make sure they can still stick to the power. >> ambitious numbers have been set for boosting economic growth, pitting the divide between the rich and poor and fighting corruption. how likely is it that the new leadership will be able to keep its promises? >> i think they will try hard to solve some of these problems, but i think as long as they have not solved the problem of corruption, then they will not be able to fight the other problems there early. for example, if you take environmental issues, a factory does not stick to the law because up paying a price to superiors. even though there is a good law for environmental issues, they will never stick to the rules, so that is the major problem from my poin
so this is ongoing, and china is worrying that the stability of china might be in danger, so what they are trying to do is monitor the whole country and not let them break apart. they use this dogma of stability in their speeches to maintain stability and suppress any opposing opinions, so they use this big, huge budget for state security basically to impress their own people and to make sure they can still stick to the power. >> ambitious numbers have been set for boosting economic...
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Mar 10, 2013
03/13
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china is not comfortable with that. they believe that's encircling the chinese power in the region and they're going to do what they can to push back. the question will be ultimately if the united states is able to come up with an accommodation. but i think we have more trouble before things get better. >> sounds like china is going to go through a very interesting next five years. thank you both. fascinating conversation. >>> in this last election you saw tremendous debate on both sides. you never once saw and also in the state of the union you never saw somebody mention health. health and food represent over 30% of the u.s. economy yet we're not talking about it. ♪ your finances can't manage themselves, but that doesn't mean they won't try. bring all your finances together with the help of the one person who can, a certified financial planner professional. cfp -- let's make a plan. [ male announcer ] when you wear dentures you may not know it, but your mouth is under attack. food particles infiltrate and bacteria pr
china is not comfortable with that. they believe that's encircling the chinese power in the region and they're going to do what they can to push back. the question will be ultimately if the united states is able to come up with an accommodation. but i think we have more trouble before things get better. >> sounds like china is going to go through a very interesting next five years. thank you both. fascinating conversation. >>> in this last election you saw tremendous debate on...
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where all things considered i'm going to relive though can the brics countries brazil russia india china and south africa reinvent the international system can they collectively challenge the hegemony of western dominated trade and finance or do they merely want to greater say in how the world is run and for whom. to cross out the bricks i'm joined by yet a slightly so bola here in moscow he's the chief economist at deutsche bank russia in washington we have brian becker he is the national coordinator for the answer coalition and in new york we cross to and we she is an adjunct professor at new york university and the author of the book what the u.s. can learn from china crosstalk rules in effect that means you can jump in anytime you want and i very much encourage it yourself when i go to you first do the brics want to take on the west is that kind of relationship they have. well i think not necessarily but in some respects it seems as this is the trend in terms of the recent policy measures that we're seeing from the brics one of the measures is to combine the foreign exchange reserves
where all things considered i'm going to relive though can the brics countries brazil russia india china and south africa reinvent the international system can they collectively challenge the hegemony of western dominated trade and finance or do they merely want to greater say in how the world is run and for whom. to cross out the bricks i'm joined by yet a slightly so bola here in moscow he's the chief economist at deutsche bank russia in washington we have brian becker he is the national...
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intense flexing of its own military might in china's backyard u.s. efforts to gain a stronger foothold in asia and the struggle for regional influence has put beijing on edge in recent months one of its latest moves the pentagon decided to put more missile interceptors interceptors on the u.s. west coast and also deploy a radar tracking station in japan is said to be a response to the korean and north korean nuclear threat however china expert marketing jakes believes the more beijing and grows as a power the more complex its relations that go with washington bridge nations with the united states have steadily be getting more complicated and i think the reason for that is because the fool you know china was very much still a developing country a much weaker global power down the united states but china of course has been growing like crazy is more and more prisons around the world in different continents in different countries i don't think the chinese are going to be militarily aggressive i mean not as not be first the chinese history and secondly a
intense flexing of its own military might in china's backyard u.s. efforts to gain a stronger foothold in asia and the struggle for regional influence has put beijing on edge in recent months one of its latest moves the pentagon decided to put more missile interceptors interceptors on the u.s. west coast and also deploy a radar tracking station in japan is said to be a response to the korean and north korean nuclear threat however china expert marketing jakes believes the more beijing and grows...
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Mar 24, 2013
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he led china's security watchdog and china's construction bank before joining the people's bank of china or pboj. zhou turned 65 in january, the age when most officials retire but he was promoted to a national leadership position this month, that made him exempt from mandatory retirement and allowed him to keep his post at the central bank. zhou's tenure is not only the longest in china's central bank's 64-year history, he's one of the longest serving chiefs in the world. zhou took the helm of the pboc in 2002. he has engineered a number of major changes since then. zhou is considered the architect of the country's broad financial reforms. he was the driving force behind the liberalization of interest rates and he was also in favor of scratching the yuan back to the u.s. dollar. china watchers say zhou has played an important role in transforming the state-controlled economy. >> in terms of economic and financial sector reform, governor zhou has been involved and also had been leading a lot of the very important reforms that will help china to advance in this next stage of development, a
he led china's security watchdog and china's construction bank before joining the people's bank of china or pboj. zhou turned 65 in january, the age when most officials retire but he was promoted to a national leadership position this month, that made him exempt from mandatory retirement and allowed him to keep his post at the central bank. zhou's tenure is not only the longest in china's central bank's 64-year history, he's one of the longest serving chiefs in the world. zhou took the helm of...
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intense flexing of its military in china's backyard u.s. efforts to gain a stronger foothold in asia and the struggle for regional influence has put beijing on edge in recent months as why rapid growth in the country's military spending was placed among the top priorities for the new leadership c c c d c c t.v. correspondent john way thinks the u.s. moves are doing little to ensure mutual respect and dialogue between the two. there used to be a superstitious belief almost in china about eight percent growth rate of the national g.d.p. for that little number has been slowed down to about seven point five percent it has to be a slow down number because china is doing this transition from a growth quantity rose in quality many argue it is extremely important to do reform reform really has been the key word for the new generation of leaders coming into power recently mr legal challenge who is the now the cut chinese premier he's been talking about reform is the largest evidence china can enjoy for its course for the progress president mr xi jin
intense flexing of its military in china's backyard u.s. efforts to gain a stronger foothold in asia and the struggle for regional influence has put beijing on edge in recent months as why rapid growth in the country's military spending was placed among the top priorities for the new leadership c c c d c c t.v. correspondent john way thinks the u.s. moves are doing little to ensure mutual respect and dialogue between the two. there used to be a superstitious belief almost in china about eight...
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brics nations and so china provides leadership in a certain way and china as well as their trade relationships with brazil with i'm african nations with russia and india it's very very important and so i think it'll be very interesting to see going forward china of course right now in some ways this feeling the world's economy and if it's going to continue to do that it has to make this transition from an economy based on many facts to an economy based on consumption that's one of the biggest challenges for china's new leadership in the years ahead. well the u.s. and china are in just sizing each other sizing up to each other militarily the two powers also moving closer to a digital conflict after president obama promised beijing tough talk over alleged cyber attacks is the u.s. military is creating special units to launch offenses in cyberspace in response to further attacks or. reports on the digital conflict. a bigger threat than al qaeda this is how washington officials now describe the legit cyber attacks coming from china u.s. stop it delegates officials now rank the threat of computer l
brics nations and so china provides leadership in a certain way and china as well as their trade relationships with brazil with i'm african nations with russia and india it's very very important and so i think it'll be very interesting to see going forward china of course right now in some ways this feeling the world's economy and if it's going to continue to do that it has to make this transition from an economy based on many facts to an economy based on consumption that's one of the biggest...
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boosting political and energy times china has a new president's first overseas trip as caesar the signing of multibillion dollar deals with russia this is beijing seeks a partnership to counterbalance you as global influence. live from moscow this is archie with me to bob would say it's good to have your company with us today. in a last ditch attempt to rescue cypress a from bankruptcy president. says heading to brussels to meet e.u. officials that's as his country struggles to meet the conditions for a ten billion euro bailout the super parliament has ponce a number of bills covering key elements of the rescue plan but that wasn't enough which is that is why the troika officials cyprus has had to deliver a decision on the plan that most controversial aspects proposed tax on bank deposits which just spot an outrage and panic across the nation the deadline is on monday when the european central bank warns it will cut off emergency funding to cypriot banks if no deal is reached archies test as you'll hear reports and spoke to people on the streets of the cypriot capital. here with me to avo
boosting political and energy times china has a new president's first overseas trip as caesar the signing of multibillion dollar deals with russia this is beijing seeks a partnership to counterbalance you as global influence. live from moscow this is archie with me to bob would say it's good to have your company with us today. in a last ditch attempt to rescue cypress a from bankruptcy president. says heading to brussels to meet e.u. officials that's as his country struggles to meet the...
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china's new leader elvish he takes the reins of paul with his priorities to boost defense spending to make the country one of the world's military giants. you're watching r t a live from moscow with me to belmont say it's good to have you company here for more international news and analysis. an increasing number of children are being recruited by both the rebels and pro-government forces in the bloody conflict in syria that's according to un investigators and charity activists as the bloody crisis in syria is approaching is second anniversary this week the u.n. is again warning the conflict is far from a simple fight between good rebels and evil government forces reporter bob dylan was the me has the details from damascus. the conflict is getting more complicated we have seen many many phenomena regarding the children being involved in this crisis we have seen many children like eighteen and. children in the school ages where there's going to destroy and they don't have any other thing that we can get through to done sometime paid for or paid for get paid and one of the north importa
china's new leader elvish he takes the reins of paul with his priorities to boost defense spending to make the country one of the world's military giants. you're watching r t a live from moscow with me to belmont say it's good to have you company here for more international news and analysis. an increasing number of children are being recruited by both the rebels and pro-government forces in the bloody conflict in syria that's according to un investigators and charity activists as the bloody...
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does china does not like go out and confront the. yes go that's a bit harsh rhetoric coming from i mean to say that russia takes a much harsher stance that china most people would say oh i mean for example if we look at issues like syria we look at a question like syria where russia has been quite outspoken in its support of the outside of the assad regime and has been in the forefront of sort of countering western rhetoric against china on the other hand really hasn't said much and stayed very quiet in the background and that's very much in chief and with the chinese approach to international affairs they like to sort of stay much more in the background whereas russia maybe likes to be more forward i would i mean i'm just following what you say yeah i would say that china has always agreed with what with russia's stance particularly on syria i mean whether they've been there i don't think they have not been vocal to say the least but let's talk about the brig's putin says the brits only they had to help the world economy not to comp
does china does not like go out and confront the. yes go that's a bit harsh rhetoric coming from i mean to say that russia takes a much harsher stance that china most people would say oh i mean for example if we look at issues like syria we look at a question like syria where russia has been quite outspoken in its support of the outside of the assad regime and has been in the forefront of sort of countering western rhetoric against china on the other hand really hasn't said much and stayed very...
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in moscow and beijing a powerful partnership agreeing to double oil supplies to china as the new president visits russia on his first official engagement abroad. one pm in moscow i met très a good to have you with us here on r t we begin in cyprus where the clock is ticking with only monday to go to gather the money needed to secure a vital e.u. bailout and a dramatic u. turn the government decides it will try to dip into people's private bank accounts those with deposits of more than one hundred thousand euros in the island's biggest bank contre more controversial move has still to be signed off by parliament and the troika of creditors as artie's tessera cilia reports the mood in cyprus is one of panic and frustration. a week ago d u a group of the i.m.f. in brussels hammered out a bailout plan for cyprus is failing banking sector tim goodman euros was the offer on one condition cyprus puts up five point eight billion euros how by imposing a one time levy of up to one point nine percent on all bank deposits if not the deal will solve a limit as to why some protesters just outside the pa
in moscow and beijing a powerful partnership agreeing to double oil supplies to china as the new president visits russia on his first official engagement abroad. one pm in moscow i met très a good to have you with us here on r t we begin in cyprus where the clock is ticking with only monday to go to gather the money needed to secure a vital e.u. bailout and a dramatic u. turn the government decides it will try to dip into people's private bank accounts those with deposits of more than one...
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and china. >> jack lew's obama's treasury secretary just completed a two- day china trip in which he warned the chinese about cyber attacks. china's new premier listened but refused to acknowledge the chinese government's role in rehearsing cyber sabotage. >> john, this is where you have to retaliate. we go over there and plead with these guys. they're operating by robber barron rules. they manipulate their currency, they do all kinds of rogue state things in commerce. you have to hit them with some sanctions. >> right. and to reinforce what you said, given that the new president has endorsed china's goal of military supremacy over the united states, it is clear -- is it clear that china is on a war footing? >> no, i don't believe they are on a war footing. they are on a commercial war footing. that's what they are. they're all focused on their domestic economy and growing their domestic economy. by the way, it's working well. they now have an extraordinary technical capability. >> superior to ours? >> at this point in terms of hacking, in terms of controlling -- >> not hacking, cybe
and china. >> jack lew's obama's treasury secretary just completed a two- day china trip in which he warned the chinese about cyber attacks. china's new premier listened but refused to acknowledge the chinese government's role in rehearsing cyber sabotage. >> john, this is where you have to retaliate. we go over there and plead with these guys. they're operating by robber barron rules. they manipulate their currency, they do all kinds of rogue state things in commerce. you have to...
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you add it's considered hard currency relative to the yeah so all this capital inflows are going into china causing inflation crossing more property speculation right while bank of japan is bennett socially nationalized by the new government in japan and they've been told to print print print money wildly recklessly out of control meanwhile mark carney's being moved from the bank of canada over to the bank of england its mandate like japan is to print money out of control ben bernanke is already printing money out of control the european central bank the e.c. big is less inclined to go down the path of this type of reckless money printing so that's why the euro relatively speaking has not experienced the kind of damage that some have to dictate with the peripheral nations like race and others running into so much trouble but at some point the e.c.b. will join in and they will also be forced to print like mad men and the e.c.b. balance sheet will increase by chileans of euro and this is the twenty first century conundrum that we all face is that there are no underlying strong economies from
you add it's considered hard currency relative to the yeah so all this capital inflows are going into china causing inflation crossing more property speculation right while bank of japan is bennett socially nationalized by the new government in japan and they've been told to print print print money wildly recklessly out of control meanwhile mark carney's being moved from the bank of canada over to the bank of england its mandate like japan is to print money out of control ben bernanke is...
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to china. and we hope that a growing number of young people from both countries will take the baton and we'll dedicate themselves to the work of friendship proven friendship. great she. will go a long way. there's a chinese hung. says. even in a violent strong move to steam having them go china for our young for both countries. will benefit our nations people and that's we can still get idea contribute to the strength for peace and security world thank you very much. so that was chinese president xi jinping talking to students at the mosque a state institute of international relations and it makes them very interesting points about the relationship with china and russia he was here yesterday he said constructive negotiations were held but then went on to say that china does need to flourish in russia i'm russia needs a flourishing of china he also talked more widely about the world economy saying that there is a new twenty first century now and the needs to be a new way of thinking only to need
to china. and we hope that a growing number of young people from both countries will take the baton and we'll dedicate themselves to the work of friendship proven friendship. great she. will go a long way. there's a chinese hung. says. even in a violent strong move to steam having them go china for our young for both countries. will benefit our nations people and that's we can still get idea contribute to the strength for peace and security world thank you very much. so that was chinese...
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china is recruiting for strategic reasons. washington says it wants to take up more in asia pacific region. winning for friends will gooive china stronger on the international stage. he's shown he's ready to lead that effort. >> the dow jones industrial average ended down at 14,526. nasdaq managed to close in the positive. to see how stocks are performing this thursday morning let's go to ramin at the tokyo stoke exchange. how is tokyo kicking off? >> the euro fell again but this time about the political situation in italy and the formation of a government. following the elections from last month also the stricter conditions for cyprus's banks as they prepared to open later today and all of that has continued to weigh on sentiment in financial markets but let's have a look at how tokyo markets are opening up for the nikkei and the topix. both indexes in the negative. in the first few minutes of trading on the screens. the nikkei closing the positive on wednesday which keeps it in the positive so far this week as we approach th
china is recruiting for strategic reasons. washington says it wants to take up more in asia pacific region. winning for friends will gooive china stronger on the international stage. he's shown he's ready to lead that effort. >> the dow jones industrial average ended down at 14,526. nasdaq managed to close in the positive. to see how stocks are performing this thursday morning let's go to ramin at the tokyo stoke exchange. how is tokyo kicking off? >> the euro fell again but this...
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well be very interesting in china china's economy is growing at a very very impressive rate and. started to get the economies of these other brics nations and so china provides leadership in a certain way and china as well of their trade relationships with brazil with i'm african nations with russia and india it's very very important and so i think it'll be very interesting to see going forward china of course right now in some ways this fueling the world economy and if it's going to continue to do that have to make this transition from an economy based on many factures into an economy based on consumption and that's one of the biggest challenges for china's new leadership in the years ahead all right journalist shannon fans and thanks very much for your insight. well the u.s. and china aren't just sizing each other up militarily the two powers also moving closer to a digital war after president barack obama promised but using tough talk over alleged cyber attacks originating from china this is the u.s. military is creating special units to launch offices in cyberspace in respons
well be very interesting in china china's economy is growing at a very very impressive rate and. started to get the economies of these other brics nations and so china provides leadership in a certain way and china as well of their trade relationships with brazil with i'm african nations with russia and india it's very very important and so i think it'll be very interesting to see going forward china of course right now in some ways this fueling the world economy and if it's going to continue...
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oh it's definitely possible and i think what we can today china's sort of functions like the i.m.f. in respects anyway or like a world bank where they have been providing hundreds of millions billions of loans to african countries and then for gave them when they were unable to pay them back and so creating one that's a brick bank enables china to basically say ok we're we don't want to stick out we've got friends who also are on our side and and so that this way they feel like they're more. international more integrated brian you want to jump in there go ahead. yeah i think i think it's considered again we're at the beginning stage of the brics process the world needs the world desires an alternative to the sort of complete domination by the by nato powers led by an anchor by the united states the world hasn't had that sense the dissolution of the socialist bloc of course it will emerge now if it can on a different basis the economic power of the united states is this a painting but its military power is being used as a substitute in other words to maintain domination to enforce u.
oh it's definitely possible and i think what we can today china's sort of functions like the i.m.f. in respects anyway or like a world bank where they have been providing hundreds of millions billions of loans to african countries and then for gave them when they were unable to pay them back and so creating one that's a brick bank enables china to basically say ok we're we don't want to stick out we've got friends who also are on our side and and so that this way they feel like they're more....
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a curious phenomenon is unfolding in china. hundreds of couples are rushing to marriage bureaus across the country. perhaps the first signs of spring are bringing on a sudden impulse for romance. nope. it's the opposite. these couples are filing for divorce. in each case, a husband and wife mutually agrees to a quick separation, no arguing. how, why? well, actually, it was about money and as aets. you see, a vast majority of these couples are getting divorced so they can avoid a new chinese tax. beijing recently decided to impose a 20% capital gains fee on sales of second homes. so, the theory goes, if you have two homes and you get divorced, you can register each home under separate names. then, if you sell one of those homes, you escape the new tax and then, i guess, you can get remared. the bizarre exploitation of this loophole tells a larger story. at an individual level, it shows the importance of housing as an investment in china. but at the macro level, the story shows how beijing's new leaders are are struggling is to d
a curious phenomenon is unfolding in china. hundreds of couples are rushing to marriage bureaus across the country. perhaps the first signs of spring are bringing on a sudden impulse for romance. nope. it's the opposite. these couples are filing for divorce. in each case, a husband and wife mutually agrees to a quick separation, no arguing. how, why? well, actually, it was about money and as aets. you see, a vast majority of these couples are getting divorced so they can avoid a new chinese...
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li is from anhui province, a relatively poor area in inland china. he was sent to work in a farming village in his late teens during the turmoil of the cultural revolution. he studied law at prestigious peking university, then joined the party's communist youth league. former president hu was in charge of the league at the time. li followed in his footsteps and later became leader of the group. in 1999, li took charge of the henan region and became china's youngest provincial governor. in 2004, he assumed the top party post of liaoning province. li became a member of the powerful politburo in 2007. party leaders promoted him, along with xi jinping, by two ranks. he became first vice premier the following year, taking charge of energy, social security and other policies. now, china's citizens grew increasingly dissatisfied with the government's handling of a range of problems during wen's ten years in office. now they're waiting to see how li keqiang will steer the country into the future. nhk world's michitaka yamaka reports from beijing. >> reporter
li is from anhui province, a relatively poor area in inland china. he was sent to work in a farming village in his late teens during the turmoil of the cultural revolution. he studied law at prestigious peking university, then joined the party's communist youth league. former president hu was in charge of the league at the time. li followed in his footsteps and later became leader of the group. in 1999, li took charge of the henan region and became china's youngest provincial governor. in 2004,...
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-china relations? you realize the united states should engage more with china. -- dohe current mechanism you see that the current mechanism is enough? >> it is wise to have more exchanges between the parliamentarians here between the u.s. and china. .e know the issues we want to see a two-way street. we want to see and access to markets for this. we want to see human rights issues addressed. we also hope to see the types of reforms that will bring a part more personal freedom. it is necessary for this to officialsnges between there and officials and the united states. but is also necessary to continue the broadcasting work that i am talking about so that people understand the full range of issues that are under discussion. >> it does not include of the with indonesia and the philippines. our partnership includes all the countries and afghan + china india, japan, australia and new zealand. this seems to be more appealing to the countries. have a trade not agreement with them. the ttp is less inclusive.
-china relations? you realize the united states should engage more with china. -- dohe current mechanism you see that the current mechanism is enough? >> it is wise to have more exchanges between the parliamentarians here between the u.s. and china. .e know the issues we want to see a two-way street. we want to see and access to markets for this. we want to see human rights issues addressed. we also hope to see the types of reforms that will bring a part more personal freedom. it is...
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intends flexing its own military in china's backyard as we can see on this map u.s. efforts to gain a stronger foothold in asia and the struggle for regional influence in beijing has put the country our has put beijing on edge in recent months trying to export martin jake's things more china grows as a power the more concerned the u.s. may become. the whole way now in which the chinese leadership is constructed i mean if it's going to shift it's not a shift now it will shift you know several years down the road i think what would it mean for nations with the united states i mean relations with the united states have to be getting more complicated and i think the reason for that is because the fool you know china was very much still a developing country a much weaker global power down the united states but china of course has the growing like crazy is more and more prisons around the world different continents and different countries so. interests are larval to be in conflict areas that was previously the case and i think this is the reason why it's getting more compl
intends flexing its own military in china's backyard as we can see on this map u.s. efforts to gain a stronger foothold in asia and the struggle for regional influence in beijing has put the country our has put beijing on edge in recent months trying to export martin jake's things more china grows as a power the more concerned the u.s. may become. the whole way now in which the chinese leadership is constructed i mean if it's going to shift it's not a shift now it will shift you know several...
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china and south korea are not involved in the u.s.-led transpacific partnership, a separate free trade framework that japan intends to join. japanese officials hope that concluding an fta with its asian neighbors will further boost exports and investments. whether the negotiations will go smoothly remains uncertain. japan's relations with china and south korea are being rocked now by territorial disputes. each country also has some products they want to protect from tariff cuts. >>> japanese electronic maker panasonic said it will turn around tv business and make it profitable again in three years. suga says his company will focus on boosting display sells to corporate customers including medical institutions. he mentioned about the plasma display business. >> translator: if we decide on an out right pullout of the plasma display business, it will be clear although it cost assert dc sublg r r -- certain amount. that is an easy choice. but we'll make every possible effort to keep the business going and make it profitable again. >>> str
china and south korea are not involved in the u.s.-led transpacific partnership, a separate free trade framework that japan intends to join. japanese officials hope that concluding an fta with its asian neighbors will further boost exports and investments. whether the negotiations will go smoothly remains uncertain. japan's relations with china and south korea are being rocked now by territorial disputes. each country also has some products they want to protect from tariff cuts. >>>...
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people in china are taking a look at a wide range of issues, and so are we in our special series "china, change and challenge." james tengan is leading our coverage from beijing. james, premier wen jiabao spoke tuesday about issues they have to tackle. how did npc members react? >> reporter: hi, gene. members of the congress got straight to work. they divided into subcommittees to talk about the issues premier wen brought up in his speech. the men expected to control china after next week also took part in the discussions. communist party chief xi jinping joined representatives from shanghai. he said courage is needed to deepen reforms so the country can develop. he admitted that wouldn't be easy and described the process as being like gnawing at hard bone and waiting at a dangerous shoal. he also stressed the importance of technology. he said the process will not be easy. he stressed the importance of innovation and technology in china's future development. the vice premier met with officials discussing shortening the gap between rich and poor. he said developing rural and urban areas
people in china are taking a look at a wide range of issues, and so are we in our special series "china, change and challenge." james tengan is leading our coverage from beijing. james, premier wen jiabao spoke tuesday about issues they have to tackle. how did npc members react? >> reporter: hi, gene. members of the congress got straight to work. they divided into subcommittees to talk about the issues premier wen brought up in his speech. the men expected to control china after...
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china's once in a decade power shift over now with a new prime minister likud chang beginning his job and herring the task to run the world's second biggest economy immediate challenge facing the new generation of leaders how to boost economic growth which has slowed in recent years a report from pricewaterhouse coopers though proves the task is within the country's reach it predicts china will match the u.s. as the world's leading economy in two thousand and seventeen before overtaking it out of the say with these statistics if you look at the map it could explain the us current intense flexing of its military might in china's backyard u.s. efforts to gain a stronger foothold in asia and the struggle for regional influence has put beijing on edge recently it's why rapid growth in the country's military spending is placed among the top priorities of the new leadership correspondent on way reporting for t.v. says the u.s. moves are doing little to ensure mutual respect and dialogue between the two countries. there used to be a superstitious belief almost in china about eight percent gr
china's once in a decade power shift over now with a new prime minister likud chang beginning his job and herring the task to run the world's second biggest economy immediate challenge facing the new generation of leaders how to boost economic growth which has slowed in recent years a report from pricewaterhouse coopers though proves the task is within the country's reach it predicts china will match the u.s. as the world's leading economy in two thousand and seventeen before overtaking it out...
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china's new leader of fishing he takes the reins of power with his priorities do you believe the fans to make the country one of the world's a military giant. wherever you're watching around the world this is our duty to mahmoud's and it's good to have your company with us. an increasing number of children are being recruited by both rebels and pro-government forces in the bloody conflict in syria that's according to un investigators and charity activist as the crisis in syria is approaching its second anniversary this week at the u.n. is again warning the conflict is far from a simple fight between good rebels and evil government forces reporter dilemma was ini has the details from damascus. the conflict is getting more complicated we have seen many many phenomena regarding the children being involved in this crisis we have seen many children like eighteen and. shouldn't and the school ages where their school they were destroyed and they don't have any other thing they've been going through to done some time paid for or paid for they've paid and one of the north important example of
china's new leader of fishing he takes the reins of power with his priorities do you believe the fans to make the country one of the world's a military giant. wherever you're watching around the world this is our duty to mahmoud's and it's good to have your company with us. an increasing number of children are being recruited by both rebels and pro-government forces in the bloody conflict in syria that's according to un investigators and charity activist as the crisis in syria is approaching...
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don't miss china, change and challenge at 8:00 p.m. japan time. >>> north korean officials have issued unite threat over u.n. moves to punish their country. members of the security council are preparing to vote for tough sanctions on the north for its nuclear test last month. officials say counter measures will be necessary if the united states does not change its hostile attitude toward the country. north korea will exercise its right to create preemptive nuclear attacks on what it calls the headquarters of aggressors. it says they're trying to trigger nuclear war. >>> american forces in south korea held a large military drill on thursday. this follows north korea's threat on tuesday to scrap the 1953 armistice agreement that ended the korean war. the drill took place at a u.s. base in the northern part of south korea. about 250 american and south korean soldiers participated in the maneuver. they practiced coming down ropes to the ground from three transport helicopters hovering at 20 meters. the american forces say this is their fir
don't miss china, change and challenge at 8:00 p.m. japan time. >>> north korean officials have issued unite threat over u.n. moves to punish their country. members of the security council are preparing to vote for tough sanctions on the north for its nuclear test last month. officials say counter measures will be necessary if the united states does not change its hostile attitude toward the country. north korea will exercise its right to create preemptive nuclear attacks on what it...
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china's new leaders in moscow in his first offer szell foreign visit as the two powers seek a greater joint role in global affairs. syria's main opposition body stands accused by an ex member of moving towards radical islam and failing to represent the people this as a number of those killed in a damascus suicide bombing rises to forty nine. and guantanamo bay officials of knowledge of the number of hunger strikes at the detention center is growing while human rights groups put the figure at over one hundred. where were you watching from around the world and this is our team riot police have condoned all of these secret parliament as angry crowds are descend on the legislature full of served day one day these are live pictures of from other capital need. the protesters are urging their government not to. pressure brussels wants to supriya to government to push through a highly unpopular tax that could wipe out ten percent of people savings the proposal has already been rejected once but there's growing concern that cyprus will be forced to accept it the country's banks have been paral
china's new leaders in moscow in his first offer szell foreign visit as the two powers seek a greater joint role in global affairs. syria's main opposition body stands accused by an ex member of moving towards radical islam and failing to represent the people this as a number of those killed in a damascus suicide bombing rises to forty nine. and guantanamo bay officials of knowledge of the number of hunger strikes at the detention center is growing while human rights groups put the figure at...